Tata Chemicals Limited — PPTs, 01-11-2025: Investor Presentation

Tata Chemicals' Q2FY26 revenue declined 3% YoY to ₹3,877 Cr, with H1FY26 revenue also down 2% YoY to ₹7,596 Cr. EBITDA followed, dropping to ₹537 Cr in Q2 (down 13%) and ₹1,186 Cr in H1 (down 1%). This dip was mainly due to global pricing pressure in soda ash, particularly in the US and Europe, despite strong volume growth and improved performance in India. Interestingly, H1FY26 Profit After Tax (PAT) rose 21% YoY to ₹535 Cr, while Q2 PAT fell 18% to ₹219 Cr. Net debt increased to ₹5,583 Cr.

Strategically, the company is focused on expanding its core and specialty portfolio, enhancing operational efficiency through innovation, and embedding sustainability across its operations with initiatives like Project Aalingana and new solar plant commissions in Magadi (5 MW) and Mithapur (1 MW). Management sees near-term flat global demand for soda ash but a positive medium-to-long term trend driven by Solar PV and EV growth, despite current pricing challenges.